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>It is against common understanding why Canada's more numerous bachelors degree holders seemingly doesn't contribute to a more productive labour force. If inves
by dilemma 11y ago
>It is against common understanding why Canada's more numerous bachelors degree holders seemingly doesn't contribute to a more productive labour force. If investments in education do not increase labour productivity (as predicted by nearly every model of labour economics), then what measures do affect productivity?
The "education system" is not an education system. It is a selection system used to choose who gets one of the at any one tine limited number of jobs. Increasing the number of people in that selection system makes it less effective, hence the lowered value of a degree, the need for internships, and increased stress on personal networks for finding jobs.
- api_or_ipa 11y agoYour argument is absurd. You're implying the job market for university educated workers is perfectly inelastic and each successive degree holder produces no extra value on the margin. Moreover, you make the baseless assumption that competition amongst more candidates for skilled work produces no further value-- in other words, every worker is just as skilled. There are many more plausible reasons that don't have to invoke such strong assumptions on the education and skilled workforce markets. Cultural, social and political differences, a lower population density et al.